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NewsAugust 5, 2014

Compliance Firm Advises Dealers to Review Arbitration Clauses

Automotive Compliance Consultants warned dealers this week to review their arbitration clauses in their finance contracts. The firm says such language is coming under scrutiny from courts and regulators.

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NewsJuly 31, 2014

KBB: Car Shoppers Confident in ‘New’ GM

Fifty percent of new-car shoppers think GM is a different company today compared to five years ago, while only 24% of new-car shoppers believe the ‘old’ GM still exists.

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NewsJuly 31, 2014

Gen Y Overtakes Gen X in Car Buying, J.D. Power Says

Gen Y consumers have accounted for 26% of new-vehicle retail sales in the past year, putting sales attributed to that generational group ahead of Gen X for the first time.

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NewsJuly 30, 2014

NADA Releases New Video on Dealer Franchise Laws

In order to provide policymakers and journalists with information about the franchised new-car dealer model, the NADA has added a new animated video to its “Get The Facts” initiative.

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NewsJuly 29, 2014

Auto/Mate Honored With Platinum Award in Dealers' Choice Awards

This year marks the first time Auto/Mate was recognized in Auto Dealer Monthly’s annual award program, with the tech firm earning the contest’s Platinum award in the DMS Provider category.

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NewsJuly 29, 2014

UDS Named 2014 Dealers’ Choice Winner for F&I Training

United Development Systems was named a Diamond Award Winner for F&I Training in Auto Dealer Monthly’s Dealers’ Choice Awards. The achievement marks the ninth time in 10 years the firm received top honors in the contest.

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NewsJuly 29, 2014

AFS Acceptance Names VP of Loan Production

Effective Aug. 4, Michael Thacker will preside over all operations for the Underwriting, Funding and Dealer Services departments within the company.

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Newsby Brittany-Marie SwansonJuly 29, 2014

Asbury Reports Record Second Quarter

The dealer group reported a 21% increase from last year’s adjusted income from continuing operations, as well as a 12% increase in total gross profit.

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Newsby Gregory ArroyoJuly 29, 2014

Group 1 Posts 12.3% Increase in F&I Revenue

The dealer group’s U.S. F&I operations raised its per-copy average $91 to $1,442 in the second quarter. On a year-to-date basis, the group's per-copy average rose $128 from a year ago to $1,499.

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NewsJuly 24, 2014

Auto Sales to Reach Highest July Mark in Eight Years, Edmunds Predicts

Edmunds.com forecasts that about 1.46 million new cars and trucks will be sold in the U.S. market in July, the highest July total since 2006.

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